Bezos Bets Big on Tenstorrent to Chip Away at Nvidia

In a bold move on December 3, 2024, Jeff Bezos joined LG Electronics and Fidelity in investing $700 million into Tenstorrent, valuing the AI chipmaker at $2.6 billion. Founded in 2016 and led by chip guru Jim Keller, Tenstorrent plans to unleash a new AI processor every two years—slowing Nvidia’s yearly dash. With expansions in Toronto and Silicon Valley, Tenstorrent aims to democratize AI, making powerful tech accessible to smaller firms. Will Bezos’s gamble pay off in the chip war?